Question: Plants R Us, Inc. operates with a constant payout ratio of 35%. After a challenging 2018, they were able to deliver $29,000 in net income

Plants R Us, Inc. operates with a constant payout ratio of 35%. After a challenging 2018, they were able to deliver $29,000 in net income to their 400 stockholders, each which hold 10 shares.

What size dividend check should each shareholder expect to receive in 2019?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Dividend per Share In this case Net IncomexPayout Ratio Numbe... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The data below show retail sales at hardware stores in the United States monthly between January 1992 and December 2005. The data are in millions of dollars and are not seasonally adjusted. Date...

Please help with the discusin questions ! I give thumbs up Case #1: Hailing a New Era: Haier in Japan As one of the most valuable brands in China, Haier designs,manufactures, and sells various home...

Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...

Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...

Plants R Us , Inc. operates with a constant payout ratio of 3 5 % . After a challenging 2 0 1 8 , they were able to deliver $ 2 9 , 0 0 0 in net income to their 4 0 0 stockholders, each which hold 1...

ju.instructure.com $332 Interview 4 Quiz 6 - F200 Spring 2023: SP23: FOUNDATIONS OF FINANCIAL MGMT: 22607 Spring 2023 0 / 3 pts Incorrect Question 8 Home Announcements Account Syllabus Modules...

1. From the scenario, cite your forecasting conclusions that support TFC?s decision to expand to the West Coast market. Speculate as to whether or not the agency conflict discussed in the scenario...

1. Prepare a written analysis of the financial ratios of the company Walmart.. This must include trend analysis (historical and projected) and comparative analysis (cross-sectional or industry). The...

View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. Using this report, answer the following questions: Does the...

Ratio Analysis for ZCL Calculate the current ratio, quick ratio, net working capital, debt-to equity ratio, times-interest earned, financial leverage, asset turnover, Receivables Turnover, Average...

Given the following data, calculate the cost of goods sold for the 1115 sale using the weighted - average method for a perpetual inventory system, rounding to the nearest dollar (do not round in the...

Suppose that a region R has area A and lies above the -axis. When R is rotated about the -axis, it sweeps out a solid with volume V1. When R is rotated about the line Y = K (where is a positive...

Question 1 9 of 1 0 0 . Which of the following statements is TRUE about the Annual Filing Season Program ( AF SP ) ? All paid tax preparers must participate in the AFSP. Participants in the AFSP are...

The concentration of potassium K+ ions in the internal sap of a plant cell (for example) a fresh water alga) may exceed by a factor of l04 the concentration of K+ ions in the pond water in which the...

Effects of differing production levels on absorption costing income. Metrics to minimize inventory buildups. Effects of differing production levels on absorption costing income: Metrics to minimize...

Pet Bottle Company (PBC) manufactures plastic two-liter bottles for the beverage industry. The cost standard per 100 two-liter bottles are as follows: Cost Category Standard Cost Per 100 Two ???...

The comparative balance sheets of Nike, Inc. are presented here. Instructions(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2008 as a base.(Show the amount of increase or...

Comprehensive Accounting Change and Error Analysis Problem Botticelli Inc. were organized in late 2008 to manufacture and sell hosiery. At the end of its fourth year of operation, the company has...

Provide citation - Define Type I and Type II errors. Which is more important? Why

List the requirements of a contract.

On September 2, 2005, Levine executed a mortgage bond under which she promised to pay the Mykoffs a preexisting obligation of $54,000. On October 14, 2011, the Mykoffs transferred the mortgage to...

Grace Peterson, a spinster then aged seventy-four, asked Chester Gustafson, a Minneapolis attorney, to draw a will for her. Gustafson, who had also probated Petersons sisters estate, drew this first...

The autonomic nervous system is also referred to as the skeletal nervous system. controls the glands and the muscles of our internal organs. is a voluntary system under our conscious control....

The neuron fiber that passes messages through its branches to other neurons or to muscles and glands is the _______.

The lower brain structure that governs arousal is the spinal cord. cerebellum. reticular formation. medulla.